Hedge Fund News
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President Barack Obama said there is only “one way out” of the partial government shutdown that has entered its third day -- for House Speaker John Boehner to allow a vote on a stopgap spending bill without conditions.
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House Majority Leader Eric Cantor of Virginia indicated that Republicans and Democrats should negotiate their differences on government spending and increasing the nation’s borrowing authority at one time.
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Financial conditions tightened after the first face-to-face talks between President Barack Obama and congressional leaders failed to break the budget logjam as a partial U.S. government shutdown entered its third day.
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United Technologies Corp., a supplier of helicopters and jet engines to the U.S. military, said an extended government shutdown would force furloughs of as many as 5,000 workers.
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